Real Estate Market

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Featured Listing

For Sale: $629,900

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Portland Real Estate Update By Rob Levy

Portland Real Estate Update July '17

The Portland, Oregon real estate market is still rocking in July, 2017, just not as fast.  Prices continued to rise in June, and June 2016 with the same month last year the average sales price rose 9.8% from $388,800 to $427,000.  The median sale price rose 10.3% in the same period from $375,000 to $339,900.

The year to date activity however has been a bit cooler, with new listings (21,505) down 1.8% and closed sales down 3.9% at 14,866.  However the market time is still a "sellers market" at 1.6 months supply.  Last month the supply was 1.5 months and a "balanced market" is widely considered to be 5.5 to 6 months supply.

We are now able to allow our clients to download the entire Portland Metro report from the local MLS (courtesy RMLS) and this report is fascinating.  It is seven pages packed with information breaking down propery types, days on market per area and more.  You can download the entire report by clicking here.

Our featured home this month is a home in the Hot, Hot, Hot Hawthorne area of SE Portland.  This amazing home has recently had a major remodel, is three levels and has a gorgeous yard - and all two blocks from all the cool restraunts on Hawthorne.  You can view the home here.....

Download our Millennials Book Now!

If you know any millennials thinking about buying a home, or want to understand the process they are going through, then this 23 page PDF report is a must read.  This report is loaded with information and multiple useful infographics showing what has caused the millennial generation to wait so long to buy homes, what has changed now and also provides an easy path to discovering how you can obtain that American dream of home ownership. No forms to fill, no names or email asked for, and no obligation. Simply download the report here  Please let me know what you think, and PLEASE pass along to any millennials you know who may be looking for a home.

Four Costs You Havent Figured into Your Home Buying Budget

This is a good article, from CNN Money mentioning four items you might not have thought about when buying a house.  These four items need to be factored into the buying process.....  The items are the home inspection...  Be sure to allow money for a complete home inspection, as well as other inspections you may need such as a sewer line scope, radon test, oil tank test and more.  Another item in the article is the move itself.... If local are you renting a truck (email me for a significant discount at Budget rent a truck) or are you hiring movers?  Are you packing yourself or having movers to that too?  How about boxes? They can be expenisve but most local Realtors always run across people who just moved in and will give/sell theirs to you.  Also Lowes and Home Depot can be a good source for those, I recently purchased boxes at Lowes for under $2 for brand new boxes.  Check out the article at the link above.